Now reading: The potential of remittance-linked insurance products in sub-Saharan Africa

Payments and Remittances

Cross-border and domestic money transfers play a critical role in the financial strategies of low-income households and present many opportunities to extend financial inclusion.

Our extensive research on themes and imperatives for national and regional payment systems and remittances spans sub-Saharan Africa and forms part of our dedicated programme on risk, remittances and integrity in partnership with FSD Africa.
Payments & Remittances

The potential of remittance-linked insurance products in sub-Saharan Africa

Exploring the potential of remittance-linked insurance products to improve the resilience of households in sub-Saharan Africa (SSA)  Remittances are particularly important on the continent and serve as a lifeline to many households. Yet insurance products that enable the sustained flow of remittances or the resilience of senders and receivers remain unexplored in SSA.  Both remittance

31 March, 2021
Eswatini CBDC diagnostic study
Consumer Outcomes

Eswatini Central Bank Digital Currency diagnostic study

Central banks across the developed and developing world have begun considering the possibility of implementing a Central Bank Digital Currency (CBDC) to enhance drivers for economic growth and financial sector development such as financial inclusion, digital financial services and national payment system (NPS) efficiency. CBDC is a digital representation of

13 August, 2020
Money transfer in Nigeria
COVID-19 impact and recovery

Money transfer operators in Nigeria: Regulation and licensing options

Many people have had their 2020 plans ruined by COVID-19, but the cross-border remittance opportunity in Nigeria is even more enticing right now. The World Bank expects cross-border remittances to drop dramatically in 2020, but many African players are experiencing a sharp increase in digital person-to-person flows as cash is

5 August, 2020
Payment platforms
Digital Africa

Payment facilities and Africa’s platform ecosystem: What does the data tell us?

Payment facilities underpin scaling of Africa’s digital platforms. Digital platforms, also known as multi-sided marketplaces, are seamlessly matching customers to suppliers of goods and services in e-commerce and other emerging industries, thereby creating new pathways for individuals to participate in the digital economy. At the heart of the rapid rise

1 July, 2020
regional digital financial identity
Financial Integrity & Identity

Why it’s time for Africa to adopt a regional digital financial identity

According to the World Bank Group’s Identification for Development, 1.1 billion people globally, including women, children and refugees, lack any form of officially recognised identification. This is a significant obstacle to financial inclusion and other development efforts, and the global community is increasingly focused on addressing the problem. For instance, the

22 June, 2020
Payments and COVID-19
COVID-19 impact and recovery

How to fill the remittance gaps left by COVID-19

When we think of the African diaspora, we often imagine large networks across Europe or North America and the indelible contribution they play to national culture and society. But get in a taxi in Cape Town, South Africa, and there is a high chance your driver is from Malawi, Nigeria,

28 May, 2020
Payments & Remittances

Where are the flows? Exploring barriers to remittances in sub-Saharan Africa

This seven-part research series provides a detailed analysis of the market barriers to formal cross-border remittances in sub-Saharan Africa (SSA).  The research series includes recommendations for different stakeholder groups on how to overcome the current pain points. In-depth remittances case studies from Uganda, Nigeria, Cote d’Ivoire and Ethiopia show how the

30 April, 2020
Digital Transformation & Data

CBDC — The next frontier of mobile money?

Many discussions around retail central bank digital currency (CBDC) today revolve around ambitious policy-focused use cases. Most recently, in the face of potential competition from a growing assortment of innovative private crypto-assets like Bitcoin and stablecoins such as Facebook’s Libra, central bankers around the world have been consumed with the

17 April, 2020
Payments & Remittances

The potential of remittance-linked insurance products in sub-Saharan Africa

Exploring the potential of remittance-linked insurance products to improve the resilience of households in sub-Saharan Africa (SSA)  Remittances are particularly important on the continent and serve as a lifeline to many households. Yet insurance products that enable the sustained flow of remittances or the resilience of senders and receivers remain unexplored in SSA.  Both remittance

31 March, 2021
Eswatini CBDC diagnostic study
Consumer Outcomes

Eswatini Central Bank Digital Currency diagnostic study

Central banks across the developed and developing world have begun considering the possibility of implementing a Central Bank Digital Currency (CBDC) to enhance drivers for economic growth and financial sector development such as financial inclusion, digital financial services and national payment system (NPS) efficiency. CBDC is a digital representation of

13 August, 2020
Money transfer in Nigeria
COVID-19 impact and recovery

Money transfer operators in Nigeria: Regulation and licensing options

Many people have had their 2020 plans ruined by COVID-19, but the cross-border remittance opportunity in Nigeria is even more enticing right now. The World Bank expects cross-border remittances to drop dramatically in 2020, but many African players are experiencing a sharp increase in digital person-to-person flows as cash is

5 August, 2020
Payment platforms
Digital Africa

Payment facilities and Africa’s platform ecosystem: What does the data tell us?

Payment facilities underpin scaling of Africa’s digital platforms. Digital platforms, also known as multi-sided marketplaces, are seamlessly matching customers to suppliers of goods and services in e-commerce and other emerging industries, thereby creating new pathways for individuals to participate in the digital economy. At the heart of the rapid rise

1 July, 2020
regional digital financial identity
Financial Integrity & Identity

Why it’s time for Africa to adopt a regional digital financial identity

According to the World Bank Group’s Identification for Development, 1.1 billion people globally, including women, children and refugees, lack any form of officially recognised identification. This is a significant obstacle to financial inclusion and other development efforts, and the global community is increasingly focused on addressing the problem. For instance, the

22 June, 2020
Payments and COVID-19
COVID-19 impact and recovery

How to fill the remittance gaps left by COVID-19

When we think of the African diaspora, we often imagine large networks across Europe or North America and the indelible contribution they play to national culture and society. But get in a taxi in Cape Town, South Africa, and there is a high chance your driver is from Malawi, Nigeria,

28 May, 2020
Payments & Remittances

Where are the flows? Exploring barriers to remittances in sub-Saharan Africa

This seven-part research series provides a detailed analysis of the market barriers to formal cross-border remittances in sub-Saharan Africa (SSA).  The research series includes recommendations for different stakeholder groups on how to overcome the current pain points. In-depth remittances case studies from Uganda, Nigeria, Cote d’Ivoire and Ethiopia show how the

30 April, 2020
Digital Transformation & Data

CBDC — The next frontier of mobile money?

Many discussions around retail central bank digital currency (CBDC) today revolve around ambitious policy-focused use cases. Most recently, in the face of potential competition from a growing assortment of innovative private crypto-assets like Bitcoin and stablecoins such as Facebook’s Libra, central bankers around the world have been consumed with the

17 April, 2020
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